Poland is buying gold. What is Latvia buying? An economist has drawn his conclusion 0 78

Economist Guntars Vitols shared an interesting observation on social media: "Do you know who is currently buying the most gold in the world? I'm not talking about the fact that, overall, central banks of states are buying the most - that's always been the case and it's not news. For a long time now, the reserves of central banks in gold have only been increasing (while in the global megacurrency USD they are decreasing). Therefore, gold prices are rising and rising.

Interestingly, the world record holder for gold purchases right now is Poland. A relatively small country globally, but it outpaces any world power in purchases. They have already bought and stored 500 tons in safes. They have such a policy there - you can play around with printing money, let the green exchange rate thrive and good health prevail, hold on! But gold is gold; no manipulations by politicians can devalue it. That’s why they are buying.

Let’s also remember that Poland is one of the few in the EU that is arming itself, and it turns out that in the financial sphere it is doing the same - buying and accumulating gold in safes.

For comparison, Latvia owns about 7 tons of gold, and we are not buying or selling anything there. It is what it is, as much as we have. Instead, we will buy a useless TET for non-existent money (we need to borrow). And we express great condemnations on various issues. We print condemnations more than any other country in the world in per capita terms." As they say, it's hard to add anything to these conclusions.